Narrow Range Ethoxylate Global Market Report 2023
Major players in the narrow range ethoxylates market are Sasol Limited, Evonik Industries, Nouryon, Univar Solutions, Dow Chemicals, Stepan Company, Oxiteno, Venus Ethoxylates, Pilot Chemical Co., and ESTI CHEM.
New York, March 29, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Narrow Range Ethoxylate Global Market Report 2023" - https://www.reportlinker.com/p06325416/?utm_source=GNW
The global narrow range ethoxylate market grew from $5.75 billion in 2022 to $6.26 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The narrow range ethoxylate market is expected to grow to $8.94 billion in 2027 at a CAGR of 9.3%.
The narrow range ethoxylates market consists of sales of narrow range ethoxylates used to enhance the degreasing capacity of cleaning agents.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The narrow range ethoxylates refer to chemicals with targeted properties that improve decreasing performance while eliminating the need for hazardous solvents.Narrow range ethoxylates are also compatible with the majority of commonly used surfactants and builders.
They also have a very low odor, despite the fact that they are based on short-chain alcohol.
North America was the largest region in the narrow range ethoxylates market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the narrow range ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main sources of narrow range ethoxylate are natural and synthetic.The natural narrow range of ethoxylates refers to alcohol ethoxylates that can be utilized directly as surfactants or as a feedstock for SLES production, the main workhorse of natural surfactants.
The main applications of narrow range ethoxylates solutions include household cleaning, commercial cleaning, and industrial cleaning. The end users of narrow range ethoxylates include paints and coatings, oil and gas, agrochemicals, home and personal care, polymer pharmaceutical, and other end-users.
The growing public awareness regarding health and hygiene is driving the growth of the narrow-range ethoxylate market.Growing public awareness about health and hygiene has the potential to reduce the spread of intestinal worms, schistosomiasis, and trachoma, as well as tropical diseases that cause millions of people to suffer.
Increasing awareness of health and hygiene is expected to boost the consumption of narrow range ethoxylates, as they are widely used in residential, commercial, and industrial settings for cleaning activities.For instance, in 2020, according to the World Health Organization, 54% of the global population used a safely managed sanitation service, 34% used private sanitation facilities connected to sewers from which wastewater was treated, and 78% utilized at least a basic sanitation service.
Therefore, the growing public awareness regarding health and hygiene is expected to boost the narrow-range ethoxylate market during the forecast period.
Technology advancement is a key trend gaining popularity in the narrow-range ethoxylate market.Major key players in the market are focusing on developing new products with innovative technologies to meet industry demands and expand their business reach.
For instance, in June 2022, Oxiteno, a US-based surfactant and specialty chemical manufacturer launched OXITIVE 8000® dispersant agent and the reactive surfactant OXIMULSION® REACT.Oxiteno collaborates closely with clients to understand their problems and develop solutions and identify opportunities for existing technologies to evolve.
The new solutions were developed after extensive research and are intended to address formulators’ challenges as well as market needs and trends.
In February 2020, Evonik, a German-based company engaged in offering specialty chemicals acquired PeroxyChem for USD640 million.With this acquisition, Evonik gets access to new growth potential, particularly in the market for environmentally friendly disinfectants.
PeroxyChem is a US-based company involved in electronics, energy, food safety, environmental, and other industrial markets are served by oxidative solutions based on peracetic acid, hydrogen peroxide, and persulfates, as well as neighboring technologies.
The countries covered in the narrow range ethoxylates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The narrow range ethoxylates market research report is one of a series of new reports that provides narrow range ethoxylates market statistics, including narrow range ethoxylates industry global market size, regional shares, competitors with a narrow range ethoxylates market share, detailed narrow range ethoxylates market segments, market trends and opportunities, and any further data you may need to thrive in the narrow range ethoxylates industry. This narrow range ethoxylates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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